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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: m jensen who wrote (11077)1/18/1999 2:46:00 PM
From: Ross Mickey  Read Replies (4) | Respond to of 14627
 
Is this the same management team that brought us the mysterious shrinking resource and the ultra-conservative news releases of the past????

--high-grade, multi-million ounce gold deposit
--similar to the host rocks at the Pierina and Yanacocha Mines
--the best prospect of the group. (of 300)
--immediately launch an aggressive exploration program
--commencing a drill program in late March 1999.

If this property is as good as they say, I like the terms. They only have to spend $150,000 for the rights to drill. If nothing pans out, they terminate the option. If the results are ho-hum and they need to drill more, the ante goes up another $350,000. Not chicken feed but Tom won't spend it if the initial results aren't good. Spending $25,000,000 in 18 months definatly won't happen unless we have an elephant and if that's the case....who cares?? That figure is impressive. I haven't seen terms like this on any other moose pasture option. That alone should get peoples attention.

It looks like the group is ready for an all out promotion on this one. Now is the time to see what the Blue Ribbon Board is made of.

Best of Luck,

Ross